Russia to sell seized stake in gold producer UGC to unit of Gazprombank
Russia will sell a majority stake in gold producer Uzhuralzoloto it seized from businessman Konstantin Strukov to a unit of state-owned Gazprombank.
Latest Stories
Dubai investor offers $10M lifeline to Lucapa Diamond
The deal ensures creditors are fully paid, while shareholders get up to 1.8 AUD cents per share, up from 1.4 cents.
Bolivia election and lithium: What you need to know
Some investors hope a political shift will change regulations and unlock access to untapped lithium resources in the country.
Hybrid navigation system successfully deployed in Europe’s deepest mine
System entered a completely new environment - no GPS, no fixed infrastructure, no maps - and returned with precise positioning data, the company said.
Brazil Potash seeks up to $1.8 billion to build Amazon mine
The underground mine, around 100 miles from Manaus, the capital of Amazonas, will supply 2.4 million short tons of potash per year.
Africa’s second-largest aluminum smelter at risk of shutdown
The Mozal plant will no longer be viable under a proposed new tariff set to replace the existing one early next year.
Nickel surpasses coal as Indonesia’s top export, Macquarie says
Earnings from overseas sales of nickel products were $16.5 billion in the first half of the year.
Barrick, Shandong Gold aim for $400M investment in Argentine mine
The project, submitted to Argentina's Large Investment Incentive Scheme (RIGI), aims to boost the mine's output by 1.6 million ounces over its useful life.
Nevada permit clock starts as Orla eyes 2028 South Railway gold
South Railroad is a low-complexity, feasibility-stage heap leach project.
